Over recent years, we have produced numerous articles dealing with situations involving whether a ‘contractor’ may be an ’employee’ and entitled to superannuation under superannuation guarantee (SG) rules. Two recent cases Dental Corporation Pty Ltd v Moffet [2020] FCAFC 118 (see September 2020 TaxEd Update) and MWWD v Commissioner of Taxation [2020] AATA 4169 (see […]
Another ‘contractor’ entitled to superannuation Read More »
ATO announces data matching program on novated leases – employer implications? The ATO has advised it will be undertaking a data matching program with information sourced from novated lease providers in respect of the years 2018-19 to 2022-23. The ATO will source data from the following novated lease providers: Eclipx Group; LeasePlan; LeasePLUS; McMillan Shakespeare
ATO announces novated lease data matching project Read More »
Non-arms length remote area housing arrangements? In 2020, in a three-part series (*links listed at the end of this article) we looked at the various remote area related housing concessions available under the Fringe Benefits Tax Assessment Act 1986 (‘FBT Act’). One of those concessions was the remote area housing exemption. The remote area housing
Arrangements to access the FBT remote area housing exemption – what to watch out for Read More »
Question In getting ready for the 2021/22 FBT year we are just wanting to clarify our understanding around when is it possible to apply the 1/3rd base value reduction for cars on which we calculate FBT using the statutory method? If we commenced to hold the car for the purposes of providing fringe benefits in
Member Q&A – When can you apply the 1/3rd FBT base value reduction? Read More »
Question We are in the process of acquiring a car to be provided to a new employee manager. The employee has offered to trade-in their personally owned vehicle directly to the car dealer. The trade-in amount will be offset against our purchase cost of the new car. Can we reduce the base of the vehicle
Member Q&A – how do trade-ins affect the cost of a car for FBT purposes? Read More »
Question Council owns and operates a number of pool and leisure facilities. We have a number of members that we categorize as rehabilitation members which provides them access to the swimming pools or the gyms depending on their needs. These are memberships where the person attends the facility as a result of medical needs for
Member Q&A – Dealing with GST on gym memberships Read More »
Question As part of Council’s COVID Recovery Plan, Council is providing another round of the Community Support Fund (for food and essential items support, and COVID-related health programs). Council is calling for Expressions of Interest to provide urgent relief to the community by not-for-profit support organisations already running such programs. Council will enter into contracts
Member Q&A – GST, Tax Invoices and RCTI issues on COVID program funding Read More »
Question An employee received a $280 gift hamper and a $200 store gift card. Is the store gift card a property benefit or a residual benefit? Do we calculate FBT on $180 being the excess over the minor benefit threshold of $300? Answer In our view, the store gift card would be considered a property
Member Q&A – employee gifts and the minor benefit exemption Read More »
Do you have staff attending conferences away from their usual place of residence? Attendance at overseas and interstate conferences raises a key issue for FBT: the extent to which the taxable value of benefits provided to the employee in connection with attending these conferences can be reduced under the ‘otherwise deductible rule’. This will particularly
FBT – Overseas conferences: The apportionment conundrum! Read More »
